Lloyd Blankfein Net Worth : $1 Billion

Profile

Lloyd Blankfein Annual Income

Nationality

Source of Wealth

Business

Years of Experience

33

Date of Birth

September 20, 1954

Education

Received J.D. Degree from Harvard Law School

Marital Status

Married

Children

3

Lloyd Blankfein’s Income & Total Net Worth

Blankfein is the Chairman and CEO of Goldman Sachs, and has a net worth of $1 billion. He has mostly earned his net worth from Goldman and partly as a corporate tax advocate for Donovan, Leisure, Newton and Irvine. On Wall Street, while working as an executive, he obtained a bonus of $27.3 million, besides his salary, stock and options. In 2010, he received the total compensation of $53,965,418. The Financial Times has bestowed him with “2009 Person of the Year” award, and Forbes magazine calls him one of “The Most Outrageous CEO’s of 2009.

Business Investments

Lloyd Blankfein had invested in ICBC (Industrial and Commercial Bank Of China Ltd.). But, recently he ended a 7-year investment in this bank. He sold $1.1 billion stake in ICBC. From its $2.58 billion investment in ICBC, the firm acquired $12 billion in dividends and sales proceeds.

Blankfein mostly contributes to Democratic Party candidates. In 2007, he donated $4,600 to Hillary Rodham Clinton, a candidate of Democratic Party. Approximately a million dollars were contributed by Goldman employees and their relatives to the presidential campaign of Barack Obama. This made it “the organization from which Obama raised the most money in 2008”.

Properties: Private Fortune

Blankfein owns a massive home in Bridgehampton. It is spread over the area of 4.7 acres. It has seven bedrooms, spacious living room, dining hall, a pool, and a tennis court. It is surrounded by acres of lawn and greenery, all around.

He also owns a $14 million home, near Sagaponack, Long Beach Island, which is of 6,561 square feet. This house has been on the market for past 5 years.

Lloyd Blankfein’s Career

Blankfein was born in New York City. He completed his graduation from Harvard College, and received higher education degree from Harvard Law School. Blankfein worked as a corporate tax lawyer for Newton, Irvine, Donovan, and Leisure. In 1981, he joined J. Aron & Co. (Goldman’s commodities trading arm), as a precious metals salesman in its London office. He is the Gala Chairman of the Rockefeller family’s Asia Society in New York.

He also worked on the Board of Overseers of Weill Cornell Medical College, as well as on the Board of Robin Hood Foundation (a charitable association that works to eradicate poverty in New York).